Carey Olsen has acted for Market Tech Holdings on a £200 million placing on the London Stock Exchange's AIM Market in a move that is designed to facilitate a step up to the LSE's main market this year.
Market Tech Holdings owns various markets in Camden, London, and the company has acquired other substantial sites across Camden with a view to bringing them together under the iconic Camden Market brand.
The Group’s main planned development will cover about 14 acres of land and includes commercial, retail, leisure and residential space along with a new primary school. The Group hosts a dedicated e-commerce site for the hundreds of stall holders who operate in the markets.
Carey Olsen's team comprised Partner Ben Morgan and Senior Associates Tony Lane and Annette Alexander. The team advised on the offshore aspects of the transaction while assisting Market Tech's onshore counsel, DLA Piper UK LLP.